re: Quantitative Easing working like a champ...

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No but restructuring a problem loan using a lower interest rate has the same effect: it lowers the monthly P & I.

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yes, my argument is that it won't make that much of a difference for people with loans in trouble

if the $100-300 you save stop you from being over the edge, then you are still pretty close to the edge. Lose a job, have your hours cut, gas prices go up, health insurance goes up, car breaks down, taxes increase, credit cards go up and bam you are back in trouble.

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That is because Countrywide owns alot more of the market with less competition.

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Ok.